Stories for April 10th 2010

Saturday, April 10th 2010 - 05:09 UTC
Rio do Janeiro will host first top level meeting on Brazil’s pre-salt oil fields

The first major top-level industry wide meeting of all leading players in the exploration of the Brazilian pre-salt oil fields will be taking place next in June in Rio de Janeiro.
Saturday, April 10th 2010 - 05:07 UTC
Bolivia, Venezuela, Ecuador, high risk areas for foot and mouth disease

Bolivia, Venezuela and Ecuador are considered endemic foot and mouth disease regions according to the Pan-American FAM office, Panaftosa, which keeps track of the disease in the continent and has its main offices in Brazil.
Saturday, April 10th 2010 - 05:05 UTC
Rio Tinto joins competitors; agrees to three months iron ore contracts

Rio Tinto has followed rival mining firms and says it is negotiating new iron ore supply contracts priced for three months rather than a year. The move ends years of tradition and is seen as a demonstration of the power the miners have over their customers.
Saturday, April 10th 2010 - 05:02 UTC
Paraguay record crop of soybeans: 7.48 million tons

Paraguay announced a record 2009/2010 soybeans crop of 7.48 million tons, which is larger that the 6.8 million tons of 2007/08.
Saturday, April 10th 2010 - 04:58 UTC
South Korea confirms several cases of foot and mouth disease

South Korea's Agriculture ministry said Saturday that it has confirmed two more foot-and-mouth outbreaks on Ganghwa Island, 58 kilometres west of Seoul.
Saturday, April 10th 2010 - 04:55 UTC
Major US banks lowered debt levels to mask risks, claims Wall Street Journal

Major US banks temporarily lowered their debt levels just before reporting in the past five quarters, making it appear their balance sheets were less risky, the Wall Street Journal said, citing data from the Federal Reserve Bank of New York.
Saturday, April 10th 2010 - 04:49 UTC
US stocks DJ at 11.000 for the first time since September 2008

United States stocks rose Friday sending the Dow Jones Industrial Average briefly above 11,000 for the first time since September 2008, as growth in wholesale inventories added to signs the economy is strengthening.
Saturday, April 10th 2010 - 04:44 UTC
Argentina announces debt-swap and invites US corporations to invest

Argentine president Cristina Fernandez de Kirchner, CFK, speaking before the United States Chamber of Commerce confirmed that the debt-swap is to be launched between Wednesday and Thursday of next week and strongly praised Argentina’s conditions “for making business and investing”.
Saturday, April 10th 2010 - 04:42 UTC
Egypt lift restrictions on the import of Paraguayan beef

Paraguay’s Ministry of Foreign Affairs confirmed Friday Egypt had lifted the ban on Paraguayan beef exports which was imposed last December.
Saturday, April 10th 2010 - 04:40 UTC
Default “not an issue” for Greece, says ECB’s Trichet, but are markets convinced

Greek bonds and banking stocks took a massive hit on Thursday, driving the debt-stricken Euro zone member's borrowing costs to the highest level since Greece adopted the Euro currency.